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Publishing group, United Business Media, has sold its UK automotive titles to Newsquest Media Group, for a cash sum of £50.l2 million. The move comes just three months after the company announced plans to sell Exchange & Mart and Auto Exchange, claiming the publications would be more valuable to other organisations and a sale would… Continue reading UBM Sells Automotive Titles To Newsquest

Johnston Press has announced the acquisition of two regional newspaper businesses in Northern Ireland, adding Local Press Limited and Leinster Leader Limited to its publishing portfolio. The two companies bring a combined total of 18 publications into the fold, with Local Press bought for £65 million and Leinster Leader for £138.6 million. In a statement… Continue reading Johnston Extends Reach In Northern Ireland

Chrysalis has announced plans to dispose of its loss making and none-core books division for £12.5 million, allowing the management to concentrate on the group’s core music radio and music businesses. The company’s books business will be sold to a new company to be formed by Robin Wood, chief executive of Chrysalis Books and other… Continue reading Chrysalis To Sell Books Division

Independent News & Media (INM) has announced record interim results for the six months to 30 June 2005, with particularly strong growth by the Independent, enjoying an increase of 18.5% in advertising revenues, despite a “volatile market.” According to INM, the increase resulted from a “substantial” uplift in core circulation copy sales throughout 2004, with… Continue reading Independent Sees Strong Growth In First Half Of 2005

Outdoor advertising group, JCDecaux, has announced a 5.7% increase in revenues for the first six months of 2005, reaching €833.7 million, reflecting a sound performance for the group, despite softening advertising conditions in some European markets. Operating margin for the company enjoyed a healthy rise of 4.7% to hit €229.1 million, representing 27.5% of consolidated… Continue reading JCDecaux Announces 5.7% Increase In Revenues For First Half 2005

The Daily Mail & General Trust (DMGT) this morning issued a trading statement reporting a further weakening in advertising markets and the creation of necessary costs reductions in all of its consumer-facing businesses. The company stated that the rest of the group has continued to perform well, meanwhile, with its information publishing division proving particularly… Continue reading DMGT Sees Weakening Ad Markets But Expects Strong Full Year

The Local Radio Company (TLRC), which owns and operates 27 local radio licences across the UK, has issued a statement warning investors that it is currently “trading below plan” and is cautious on its prospects for next year. TLRC’s prediction came as the broadcaster announced a year on year increase in sales of 24% for… Continue reading Local Radio Co Cautious For Next Year After Trading Below Plan

Ulster Television (UTV) has announced record results for the six months to 30 June 2005, but warned that television advertising revenues face a rough ride in the near future. The company, whose assets include UTV, the channel 3 licensee in Ireland; six local radio stations, and internet service provider UTV internet, announced group turnover up… Continue reading Ulster TV Warns Of Advertising Revenue Slip

The Local Radio Company (TLRC) has announced that it’s subsidiary sales house, First Radio Sales (FRS) will become a jointly owned venture with Ulster Television (UTV), with TLRC transferring a 50% stake in the company to UTV for £500,000. The move will see FRS secure the airtime sales contract for 17 local radio stations acquired… Continue reading First Radio Sales Becomes Joint Venture Between UTV And TLRC

Online auction giant eBay has secured the purchase of Voice Over IP operator Skype Technologies for a massive $2.6 billion (£1.4 billion). The deal, which is being made in half cash and half stocks, will create an “an unparalleled e-commerce and communications engine” according to eBay, which plans to use the technology to help its… Continue reading eBay Secures Skype For $2.6 Billion